State Portfolio Guarantees Enter Crowdfunding: €5.3 Million in Business Lending
Small and medium-sized enterprises (SMEs) in Lithuania are gaining new alternative financing opportunities. The investment and financing platform “Savy”, in cooperation with the national development bank ILTE, is introducing a state portfolio guarantee mechanism for business loans. This marks the first case in Lithuania where a crowdfunding platform is integrated into the state portfolio guarantee… “State Portfolio Guarantees Enter Crowdfunding: €5.3 Million in Business Lending”